DPRK hackers attacked South Korean exchanges

Hackers from North Korea were trying to steal found of South Korea cryptocurrency exchanges
02 October 2017   712

A police investigation confirmed the involvement of North Korean hackers in the recent attacks on the South Korea's crypto exchange, but they were not able to steal money. This is written by The Japan Times.

Security company FireEye reported on the fact that since May hackers from North Korea made several attempts to steal funds from South Korean exchanges. It is alleged that in recent months, at least three attempts have been made at phishing attacks on South Korean exchanges.

The findings of FireEye confirmed by the police of South Korea: according to it, between July and August, several dozen employees of four exchanges whose names were not disclosed, were sent emails containing malicious code. Hackers were allegedly speaking on behalf of representatives of government agencies responsible for security issues, and letters were sent from the same IP addresses that were previously associated with North Korea's attacks on government organizations in Seoul.

It is noted that none of the computers was compromised and the funds were not stolen

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   117

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.